Tag
Market Decline
4 articles
Tesla Falls 14.5%, Alphabet Drops 7.1% as Tech Sector Sells Off
Tesla and Alphabet led broad losses Thursday, with the Nasdaq falling 2.2 percent and the S&P 500 dropping 1.2 percent as investors reassessed growth valuations.
Mag 7 Stocks Drop: Tesla Leads Steep Decline as Nasdaq Falls
Mega-cap technology stocks posted their largest collective daily loss in over two years, with Tesla shedding 14.5 percent and Alphabet dropping 7.1 percent.
Soft Spending Data Hits Meta, Microsoft and Apple as Nasdaq Falls
Weaker-than-expected U.S. consumer spending data pressured technology and e-commerce stocks, dragging the Nasdaq Composite down 0.6 percent.
Alphabet Drops 2.3%, Amazon Falls 2.1% as Bond Yields Hit Tech Stocks
High-growth technology shares face pressure as rising Treasury yields increase discount rates for future earnings